RPS Advisory Solutions LLC Cuts Stock Position in Franklin BSP Realty Trust, Inc. $FBRT

RPS Advisory Solutions LLC reduced its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT) by 85.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,594 shares of the company’s stock after selling 134,307 shares during the quarter. RPS Advisory Solutions LLC’s holdings in Franklin BSP Realty Trust were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Franklin BSP Realty Trust by 16.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,574 shares of the company’s stock valued at $96,000 after acquiring an additional 1,366 shares during the period. Royal Bank of Canada boosted its holdings in Franklin BSP Realty Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 39,303 shares of the company’s stock valued at $502,000 after acquiring an additional 1,378 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Franklin BSP Realty Trust by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,867 shares of the company’s stock valued at $319,000 after acquiring an additional 1,391 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Franklin BSP Realty Trust by 39.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,710 shares of the company’s stock valued at $61,000 after acquiring an additional 1,617 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Franklin BSP Realty Trust by 12.4% during the 4th quarter. Brookstone Capital Management now owns 15,196 shares of the company’s stock valued at $152,000 after acquiring an additional 1,680 shares during the period. 59.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FBRT shares. Zacks Research cut Franklin BSP Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Franklin BSP Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup restated an “outperform” rating on shares of Franklin BSP Realty Trust in a report on Thursday, April 16th. Weiss Ratings cut Franklin BSP Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Citizens Jmp dropped their target price on Franklin BSP Realty Trust from $12.00 to $11.00 and set a “market outperform” rating for the company in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.50.

Franklin BSP Realty Trust Trading Down 1.6%

FBRT opened at $8.99 on Wednesday. The business has a 50 day simple moving average of $8.88 and a two-hundred day simple moving average of $9.63. The firm has a market capitalization of $692.10 million, a price-to-earnings ratio of 17.63 and a beta of 0.94. The company has a debt-to-equity ratio of 3.74, a current ratio of 90.06 and a quick ratio of 90.06. Franklin BSP Realty Trust, Inc. has a one year low of $8.24 and a one year high of $11.84.

Franklin BSP Realty Trust (NYSE:FBRT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). The business had revenue of $74.38 million for the quarter, compared to the consensus estimate of $73.09 million. Franklin BSP Realty Trust had a net margin of 24.26% and a return on equity of 6.46%. Analysts predict that Franklin BSP Realty Trust, Inc. will post 0.72 EPS for the current year.

Franklin BSP Realty Trust Profile

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property?level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.